Why JVC?

Dubai is divided into a number of areas that have its own characteristics and advantages. One of such areas is Jumeirah Village Circle (JVC).

 

Jumeirah Village Circle is a residential and commercial area that consists mainly of villas, designed in Arabic and Mediterranean style, and luxurious townhouses. If you get an aerial look at the area, you can see that it is designed in the shape of a circle, which is adjacent to another area exclusively with villas and townhouses, as an extension of the circle. The neighborhood (adjacent area) is called Jumeirah Village Triangle, as it resembles a triangle, in shape.

JVC is a well-developed area with a variety of facilities and infrastructure, such as: residential & commercial buildings, offices, shopping centers and entertainment facilities, all located on the area of 811 hectares. Jumeirah Village Circle area offers its residents a real sense of community and tranquility. Here, everyone can find something for themselves. In the immediate vicinity there are numerous supermarkets, restaurants, laundries, cafes, barber shops, pet shops, nurseries. Everything to make your life easier.

Jumeirah Village Circle has become the home to a shopping center, The Circle Mall. Due to the popularity of this mall and fast growth of the area, the developer Nakheel will soon launch a second mall “Al Khail Avenue”, in Jumeirah Village Triangle. Together with a great shopping experience, the developer thought of an easy traffic intersection. As a result, it is quite easy to reach different locations within JVC and Dubai itself. Thus, it can be said that the residents of JVC have access to two malls, which is not typical for any other area in Dubai.

Let’s have a glimpse of what Circle Mall is. The Circle Mall consists of one million square feet of retail space, with over 200 shops, supermarkets, restaurants, pharmacies, service centers, a multi-storey cinema and a game zone. Strategically located between Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Road, The Circle Mall serves hundreds of thousands of people living in JVC and surrounding areas, and is considered as a new destination for residents and tourists in this part of Dubai.

Jumeirah Village Circle is located in such a way that allows you to be in a close proximity to all important destinations and localities . It is perfectly located minutes away from a number of schools, hospitals and other facilities. The area is situated relatively close to the international airports (DXB and Al-Maktoum Airport) and business districts. Within only a 30 minute drive you can find yourself within the pristine beaches of Dubai, amusement parks such as Motiongate, Legoland Dubai, IMG World, Miracle Garden, Global Village, Expo city, etc.

Why Buy Property at JVC

JVC area offers a wide range of quality apartments in a lively, modern and well-developed area. Investing in property, in this area, is a great opportunity to become the owner of modern-style real estate or use a property as an income generator. Both options are beneficial for the investor. But why should you choose specifically JVC?

These are the main reasons:

• Apartments are equipped with excellent facilities such as private swimming pools, well thought-out interiors and spacious balconies, often with a private jacuzzi.
• Top-notch finishing of apartments makes them a valuable investment.
• Towers are well maintained.
• The area is considered safe.
• JVC has about 30 parks of different sizes that are great for the evening strolls, morning jogs or activity time with kids.

• Almost every residential building is pet-friendly. Combining it with numerous parks, this area is a perfect place for pet lovers.
• The area is well connected to major highways, city roads, providing easy access to the rest of the UAE, and Dubai areas in particular.

• Unique combination of residential buildings and commercial premises makes JVC area ideal for young businessmen and families with children, as well as tourists.
• Numerous cafes and restaurants provide great dining experiences.
• A school and few nurseries , located in the area, make it a perfect place for families with children. A number of different schools are located in nearby areas that can be reached within 20-30 minutes only.
• JVC is considered as a great option for investors as it has seen a steady rise in real estate prices in recent years.
• The area is also known for its high rental income (ROI is around 8-10%), which provides investors with attractive returns on their investments.

In addition, JVC retains all the advantages of real estate ownership that exist in other areas of the UAE. Among them, the country’s advantageous tax system, the possibility of obtaining loans for foreigners, the opportunity for property owners to obtain a resident visa, and much more.

Are JVC apartments sold extensively?

The real estate market in Dubai is constantly evolving and therefore attracting investors from all over the world. The number of sales of real estate in JVC area, according to 2023 data, is 5,647 properties. The turnover amount is AED 5.3 billion, that is almost $ 1.5 billion.

To conclude the abovesaid, by analyzing the 2023 data on investments in JVC and latest trends, it is clear that this area is the investor’s number one option, when it comes to the best low-cost apartments.
It is important to highlight that Dubai real estate prices are rising steadily, allowing investors to earn not only on rent but also on resale of the property, if they buy it during the time of construction. Thus, the average price per square foot of a property (for sale) rose by 7.25% which amounts to AED 896 in 2022. That’s a little over $2,600 per square meter.
The purchase of this affordable property in JVC will cost approximately AED 650,000 ($ 178,000) for a studio, AED 850,000 ($ 232,000) for a 1BR apartment and approximately AED 1.2 million ($ 328,700) for a 2BR apartment.
It’s also good to know that purchasing a property worth AED 750,000 ($ 205,000) or more makes the owner eligible for a 2-year investor visa, while properties worth AED 2 million ($ 545,000) or more qualify the owner for a 10-year Golden Visa.

What to expect in JVC, in 2025?

Many projects at JVC are still under construction. The area continues to develop rapidly, as does the entire city. Therefore, it is expected that the property value and its growth will continue to rise in JVC, in the year 2025. So if you’re not an investor yet, it’s time to invest in this prominent area.

It was never that easy to invest in Dubai real estate. Just pick a project that caught your eye, in the property catalogue, or contact one of the agents of Al Hayat Almushreqa real estate, indicating all your requirements.